MF News

Investors rush for KYC compliance
There is a ten-fold rise in KYC applications by investors; mutual fund transactions drop for want of KYC compliance
by Ravi Samalad Jan 6, 2011
Indian Bank to restart MF business
Indian Bank has decided to re-enter mutual fund business; it had sold its mutual fund business launched in 1989 to Tata Mutual Fund in 2001
by Team Cafemutual Jan 5, 2011
2011 to be turning point for IFAs
The business of mutual fund distribution could see a phase of consolidation in 2011 after being in a state of change for more than a year
by Ravi Samalad & Anju Yadav Jan 4, 2011
Rapid churn among fund managers
More than the pressure to perform, greater opportunities in a booming market make fund managers to move
by Anju Yadav Dec 29, 2010
Wealth managers under scrutiny
The Citibank fraud has made wealth managers run for damage control
by Team Cafemutual Dec 29, 2010
Distributors delay KYD compliance
Only about 10% of the distributors have completed the KYD procedure so far; two months left for compliance
by Ravi Samalad Dec 23, 2010
IFAs welcome regulation
An overwhelming majority of IFAs want regulation to be framed for them so that their business environment gets better. Also, IFAs feel industry was not supportive enough, reveals Cafemutual survey. Read on for more interesting findings
by Team Cafemutual Dec 22, 2010
Expense ratios to remain unchanged
Existing expense ratios to continue; MFs say no to a flat expense ratio of 1.5% for equity schemes
by Ravi Samalad Dec 22, 2010
Scheme mergers to gain momentum
The number of mutual fund schemes is likely to fall substantially as mutual fund houses consolidate similar schemes
by Anju Yadav Dec 21, 2010
SEBI takes up investor complaints
SEBI met MF CEOs last week to discuss investor complaints. AMFI has set up a committee to look into the issue
by Team Cafemutual Dec 19, 2010
MFs see softening of g-sec yields
Mutual Funds expect liquidity easing measures to soften yields on government bonds till the end of 2010-11.
by Team Cafemutual Dec 19, 2010
L&T MF pays fine in front-running case
SEBI accepted L&T Mutual Fund’s plea for a fine of Rs 10 lakh for front-running by one of its employees
by Team Cafemutual Dec 16, 2010
More distributors flock to MFs
The number of distributors selling mutual funds has increased by nearly 8 per cent since the ban on entry load
by Anju Yadav Dec 16, 2010
30% of liquid schemes redeemed
MFs faced redemptions of more than Rs. 30,000 crore in liquid schemes as large investors withdrew to pay advance tax
by Ravi Samalad Dec 16, 2010
MFs to track investments by politicians
MFs to start monitoring investments by politicians and their close associates from January 1, 2011
by Team Cafemutual Dec 13, 2010